Sprint Seeks Funding For WiMax Network

Sprint is seeking additional funding to build out its WiMax high-speed data network. The carrier has contacted WiMax operator Clearwire about creating a partnership or Joint Venture that would include Clearwire's network and Sprint's WiMax assets. Sprint has also approached its cable partners for additional cash to build out its new high-speed network. Sprint has already committed $3 billion to building out its WiMax network and expects to launch in selected cities this year.

If you think that other carriers don't have companies invest in their network, you are dreaming. And maybe companies like ::cough:: T-Mobile ::cough:: would have better coverage if they had some others invest in making thier network better. T-Mobile d...(continues)

Damn. Sprint should buy Clearwire now before they can no longer afford it. You could get clearwire right now for about 1.2 billion and then use the clearwire motorola contract for the 3 billion to build out the network.

Are you kidding me???? Sprint advertises the piss out of WiMax and how great it will be and now they are trying to find funding to assist with the roll-out of WiMax???? Nothing like sharing the profits of what you are building instead of ponying up and making it work. Only a company that isn't secure in their choice would bring in a major player to help assume the risk of blowing billions on an unproven technology that hasn't even been deployed commercially. Sprint PCS is becoming the Delorean of the cell phone world!!!